Dummies’ guide to the Paradise Papers

Where did this leak come from?

It was obtained by Germany’s largest daily newspaper, Süddeutsche Zeitung. The data includes 13.4-million documents (1.4terabytes) from two offshore service providers, Appleby and Asiaciti Trust, and from the company registers of 19 tax havens.

Where does the name Paradise Papers come from?
From the fact that all the places involved are so-called tax havens or “tax paradises”.

Who leaked it?

Because of the need to protect its sources, the newspaper is unable to provide information about who supplied the papers.

But the law firm Appleby says it was hacked. Is that true?

The Süddeutsche Zeitung can’t verify this claim. The paper received the data through legal channels and evaluated them journalistically.

What’s different between these and the Panama Papers?

In contrast with the Panama Papers, these papers contain details of multinational corporations that use the offshore system. Among Appleby’s clients are companies like Nike, Apple, Facebook, Walmart, Allianz, Siemens, McDonald’s

... read more at: http://amabhungane.co.za/article/2017-11-09-dummies-guide-to-the-paradise-papers

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